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Coping with Technology Sanctions in the Russian Financial Sector
[Stellungnahme]
Körperschaftlicher Herausgeber
Forschungsinstitut der Deutschen Gesellschaft für Auswärtige Politik e.V.
Abstract The Russian financial sector has taken a double hit from sanctions - both in infrastructure (affecting financial transactions) and in technology (affecting the hardware and software). Infrastructural sanctions imposed by Western countries in reponse to the war on Ukraine (de-SWIFTing, overcompliance... mehr
The Russian financial sector has taken a double hit from sanctions - both in infrastructure (affecting financial transactions) and in technology (affecting the hardware and software). Infrastructural sanctions imposed by Western countries in reponse to the war on Ukraine (de-SWIFTing, overcompliance, and breaking of correspondent relationships) affected their operational activity. Moreover, the Russian government banned the use of foreign software and equipment imports, which has been a drag on business development. The financial sector was able to withstand the first shock. However, the most recent restrictions on access to advanced technologies, especially from the US and the EU, will lead to import substitution based on technologies of yesterday.... weniger
Thesaurusschlagwörter
Russland; Sanktion; wirtschaftliche Sanktion; Technologie; Finanzmarkt; Außenwirtschaftspolitik
Klassifikation
Friedens- und Konfliktforschung, Sicherheitspolitik
internationale Beziehungen, Entwicklungspolitik
Sprache Dokument
Englisch
Publikationsjahr
2023
Erscheinungsort
Berlin
Seitenangabe
6 S.
Schriftenreihe
DGAP Policy Brief, 12
ISSN
2198-5936
Status
Veröffentlichungsversion; begutachtet
Lizenz
Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0